Download or read book Saudi Government Revenues and Expenditures written by A. Aldukheil and published by Springer. This book was released on 2013-11-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will history repeat itself, leaving Saudi Arabia to face another financial crisis due to drastic overspending and/or a dramatic drop in oil revenue? If the situation remains on its current trajectory, by 2030 government debt due to rising expenditures over revenues will be too overwhelming for the government to cope with.
Download or read book Saudi Arabian Revenues and Expenditures written by Donald A. Wells and published by . This book was released on 1974 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Growth and Government Spending in Saudi Arabia written by Mr.Saad A. Alshahrani and published by International Monetary Fund. This book was released on 2014-01-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically examines the effects of different types of government expenditures, on economic growth in Saudi Arabia. We use different econometric techniques to estimate the short- and long-run effects of these expenditures on growth and employ annual data over the period 1969-2010. Our findings indicate that while private domestic and public investments, as well as healthcare expenditure, stimulate growth in the long-run, openness to trade and spending in the housing sector can also boost short-run production. These findings draw some policy implications for Saudi policymakers on maximizing the returns of the government spending on economic growth.
Download or read book The Viability of Saudi Arabian Industrial Diversification Efforts written by and published by . This book was released on 1991 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economy of Saudi Arabia written by Donald M. Moliver and published by New York, N.Y. : Praeger. This book was released on 1980 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Relative Strength of Fiscal and Monetary Policy in Saudi Arabia written by and published by . This book was released on 1988 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1960s Milton Friedman and David Meiselman(1) undertook a series of statistical comparisons of several simple forms of Keynesian and Quantity Theory models. While their results came under sharp criticism(2), their results clearly demonstrated that in the United States at least, money rather than autonomous expenditures provides a better explanation of changes in monetary income. Given its assumption of relatively flexible prices and the development of a fairly sophisticated financial system, the quantity theory would with the exception to some of the Newly Industrializing countries such as Singapore, and Taiwan, seem to be more applicable to the advanced industrialized nations. On the other hand the Keynesian model with its underlying assumptions of price rigidity, factor immobility, and underdeveloped capital markets, would seem to be more appropriate for depicting the relative strength of fiscal variables in the developing countries(3). Intuitively, given the importance of oil revenues and government expenditures as a driving force in the Saudi Arabian economy, one might expect that monetary expansion would at most play secondary role in inducing expenditures(4). For example Kernan and Malik argue that in the Saudi Arabian context(S): Real income is dependent (as of the late 197(05) upon the ability to import goods and services rather than the ability to produce goods and services (other than oil); 2. Government spending, even with a budget surplus, can still imply stimulative fiscal policy because most government revenues comes from abroad; and 3. Stimulative fiscal policy leads directly to an increase in the money supply because of the underlying structure of the country's financial markets i.e., their general underdevelopment. In fact, several observers have even gone so far as to refer to the Saudi Arabian economy as one of the purest present day examples of a classic Keynesian type economy.
Download or read book The Saudi Arabian Economy written by Ali D. Johany and published by Taylor & Francis. This book was released on 1986 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Guide to the Saudi Arabian Economy written by John R. Presley and published by . This book was released on 1989 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of the changes that have taken place in the various sectors of the economy and the factors that currently influence economic development and policy in Saudi Arabia. The effects of the changes in oil revenues on the economy and the Kingdom's development strategy are discussed.
Download or read book Modelling Government Expenditures and Economic Growth Nexus in Saudi Arabia 1968 2010 written by Mohammed Moosa O. Ageli and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth and development remains an important policy issue for most of the states in the world, which is a particular issue for late developing countries, as they have very much relied on 'state' for economic growth and development. As a result, the experience in the 20th century demonstrates a secular increase in the growth of government expenditures all over the world. Hence, the role of government expenditures in contributing to long run economic growth continues to be an important topic and the subject of much debate. Saudi Arabia economy is one of late developing countries. While its economy is characterised by an open and private economy, the government remains to have a large role in the economy through its expenditures financed largely by revenues generated from oil. While the Saudi economy has grown and developed, the government has also responded to the increased demand for social services such as education and healthcare in addition to other infrastructure investments for development purpose. Therefore, the process of economic growth and development has resulted in growth of government expenditures. This research, thus, aims at modelling of government expenditures and economic growth nexus in the case o Saudi Arabia for the period of 1968-2010 by testing a number of models developed in the literature: Wagner's Law, Keynesian Relations and Peacock and Wiseman's Displacement Effect. The analysis modelled within the time series econometric techniques including co-integration test, Granger causality test and the error correction model (ECM). The findings obtained from the analyses find that the Wagnerian proposition can explain the growth of government in Saudi Arabia, which holds for both the oil and non-oil income cases. The result indicates the existence of strong feedback causality for all the versions of Wagner's law in the long run. The findings also note that the three versions of Keynesian Relations found to be held for both general income and non-oil income in the case of Saudi Arabia. In addition, the findings also support for the Displacement Effect mainly due to international political developments and trends in oil prices, as such events resulted deviation from the linear growth in the government expenditures over the average growth and it is observed that government expenditure growth continued its gradual growth from the new level. This study, thus, concludes that growing economic activity of the state has marked the Saudi Arabian economy over the period in question. While this partly can be explained due to economic reasons such as the need for economic development and responding to the demands of a growing population, but also the rentier economy nature of the Saudi political economy necessitates increasing government expenditures for political stability.
Download or read book Oil Price Shocks and the Net Oil exporting Economy written by Nayef AlMusehel and published by . This book was released on 2015 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contributes to the available literature on Saudi Arabia by gathering scattered data from primary and secondary sources into a single database. Additionally, it expands on the economic analysis by adding a historical narrative dimension as it evaluates government policies alongside empirical research. Utilizing the qualitative and quantitative dimensions, the research investigates the relationship between oil prices, government expenditures and revenues, equity markets, and macroeconomic factors of Saudi Arabia. The variables are segmented into two groups and transformed into real logs. The first group evaluates the relationship between oil prices, oil revenues and government expenditures in both itemized and aggregate specifications using annual data from 1963 to 2013; while the second group investigates the relationship between the national equity index Tadawul All Shares Index (TAS), oil prices, money supply (M1), Real Effective Exchange Rate (REER), Saudi Arabian Interbank Offer Rate (SAIBOR), and the S&P 500 using monthly data from December 1992 to February of 2014. Using unrestricted Vector Autoregressive (VAR) models, and Vector Error Correction Models (VECM), the results indicate that oil revenues impact total expenditures, while total expenditures and oil prices show a bi-directional relationship in affecting each other. In addition, sectoral analysis reveals that education and economic development are least sensitive to oil prices shocks. For the second group, the results indicate that the TASI is negatively related to the SAIBOR and REER, while positively related to oil prices and M1. There is bi-directional impact between the TASI and SAIBOR, while the direction of influence flows from M1 and REER to the TASI. The VAR model provides a better fit for both groups of data based on the post-estimation results, and is superior to the VECM specification.
Download or read book The Saudi Arabian Economy written by Mohamed A Ramady and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this unique text, Mohamed Ramady develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. Public and private sector topics include: - The hydrocarbon and minerals sector, including a new model of mining privatization and cooperation - The impact of small and medium sized businesses - The evolving role of "family" businesses - The growing role of women in the Saudi economy - Shifting trade patterns - The Saudi "offset" technology transfer program The author offers an analysis of key challenges facing the Saudi economy, including the potential costs and benefits of privatization, globalization, and eventual membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future. Mohamed Ramady teaches in the Department of Finance and Economics, King Fahd University of Petroleum and Minerals.
Download or read book The Saudi Arabian Economy written by Mohamed A. Ramady and published by Springer Science & Business Media. This book was released on 2010-09-05 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.
Download or read book The Saudi Arabian Economy written by Ramon Knauerhase and published by . This book was released on 1975 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on the economic development of Saudi Arabia over the past 25 years - presents the country's historical background, demographic aspects, natural resources, society and political system, describes the economic, cultural and political problems that have complicated its development achievements, and analyses its petroleum policy to explain recent OPEC actions. Bibliography pp. 346 to 352, graph, maps, references and statistical tables.
Download or read book A Guide to the Saudi Arabian Economy written by John R. Presley and published by Springer. This book was released on 1984-06-18 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Investment in the Petroleum and Mineral Industries written by Raymond F. Mikesell and published by Routledge. This book was released on 2013-10-18 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Raymond F. Mikesell deals with sources of conflict between private foreign investors and the governments of developing countries. He concludes that government ownership and control will expand and that foreign investors are most likely to become sellers of their special services rather than remain investors who act freely for the benefit of parent companies. Originally published in 1971.
Download or read book The Saudi Arabian Economy written by Ali D. Johany and published by Baltimore : Johns Hopkins University Press. This book was released on 1986 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saudi Arabia a Country Study written by American University (Washington, D.C.). Foreign Area Studies and published by . This book was released on 1984 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
